Pattern: Classic cup and handle formation. Handle forming as a bull flag — very bullish continuation setup.
Resistance: ~$57.78 — key neckline from prior highs. Needs strong close above this level for confirmation.
Volume: Declining during handle = textbook. Suggests controlled pullback. Watching for volume spike on breakout.
Moving Averages: Price is trading above all key MAs, confirming bullish trend structure.
🔥 Most Favorable Path:
Let price tighten within the handle, then breakout above $57.78 on increased volume. If confirmed, target $66–70+ based on measured move from cup base to neckline.
⚠️ Invalidation:
Break below $50 with volume would invalidate handle and signal potential deeper retracement.
✅ Summary:
Setup: Cup & Handle
Bias: Strongly bullish
Entry trigger: Break + close > $57.78
Targets: $66 → $70 zone
Risk level: Manage below $50
*Not a financial advice
Resistance: ~$57.78 — key neckline from prior highs. Needs strong close above this level for confirmation.
Volume: Declining during handle = textbook. Suggests controlled pullback. Watching for volume spike on breakout.
Moving Averages: Price is trading above all key MAs, confirming bullish trend structure.
🔥 Most Favorable Path:
Let price tighten within the handle, then breakout above $57.78 on increased volume. If confirmed, target $66–70+ based on measured move from cup base to neckline.
⚠️ Invalidation:
Break below $50 with volume would invalidate handle and signal potential deeper retracement.
✅ Summary:
Setup: Cup & Handle
Bias: Strongly bullish
Entry trigger: Break + close > $57.78
Targets: $66 → $70 zone
Risk level: Manage below $50
*Not a financial advice
交易進行
How about that ???Approaching $70 target
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